Fayerweather Charles Sells 5 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Fayerweather Charles cut its stake in McCormick & Company, Incorporated (NYSE:MKC) by 0.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,060 shares of the company’s stock after selling 5 shares during the period. Fayerweather Charles’ holdings in McCormick & Company, were worth $396,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trust Co. of Vermont boosted its position in shares of McCormick & Company, by 1.6% in the first quarter. Trust Co. of Vermont now owns 45,767 shares of the company’s stock valued at $4,464,000 after buying an additional 720 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in shares of McCormick & Company, by 23.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,904 shares of the company’s stock valued at $283,000 after buying an additional 560 shares during the period. First Quadrant L P CA purchased a new position in shares of McCormick & Company, during the first quarter valued at about $3,922,000. Sawgrass Asset Management LLC boosted its position in McCormick & Company, by 28.7% in the first quarter. Sawgrass Asset Management LLC now owns 550,888 shares of the company’s stock valued at $53,739,000 after buying an additional 122,880 shares during the last quarter. Finally, Norges Bank bought a new position in McCormick & Company, during the fourth quarter valued at $112,107,000. 73.65% of the stock is owned by institutional investors and hedge funds.

McCormick & Company, Incorporated (MKC) traded up 0.28% during midday trading on Friday, reaching $95.52. 1,012,920 shares of the company were exchanged. McCormick & Company, Incorporated has a 52 week low of $88.64 and a 52 week high of $106.50. The stock has a market capitalization of $11.90 billion, a P/E ratio of 25.37 and a beta of 0.52. The firm’s 50 day moving average price is $98.17 and its 200-day moving average price is $98.81.

McCormick & Company, (NYSE:MKC) last announced its earnings results on Thursday, June 29th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.06. McCormick & Company, had a net margin of 10.69% and a return on equity of 28.28%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company posted $0.75 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. Equities analysts forecast that McCormick & Company, Incorporated will post $4.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, July 10th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.88 annualized dividend and a yield of 1.97%. McCormick & Company,’s dividend payout ratio (DPR) is presently 49.87%.

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Several research firms have recently weighed in on MKC. Zacks Investment Research cut shares of McCormick & Company, from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Goldman Sachs Group, Inc. (The) started coverage on shares of McCormick & Company, in a research report on Friday, June 16th. They set a “neutral” rating and a $101.00 target price for the company. Edward Jones upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating in a research report on Thursday, April 6th. Jefferies Group LLC restated a “hold” rating and set a $95.00 target price on shares of McCormick & Company, in a research report on Friday, May 19th. Finally, J P Morgan Chase & Co upgraded shares of McCormick & Company, from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $91.00 to $96.00 in a research report on Wednesday, April 5th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $101.78.

In other McCormick & Company, news, Director Maritza Gomez Montiel bought 2,500 shares of the stock in a transaction on Wednesday, May 3rd. The shares were bought at an average price of $99.62 per share, with a total value of $249,050.00. Following the purchase, the director now directly owns 2,500 shares in the company, valued at approximately $249,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 15.30% of the company’s stock.

About McCormick & Company,

McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company’s segments include consumer and industrial. The Company is involved in the manufacturing and sales of flavorful products.

Institutional Ownership by Quarter for McCormick & Company, (NYSE:MKC)

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